Magazine article Business Credit

FCIB Survey Roundup: Risks of Doing Business in South America Elevated in Several Nations

Magazine article Business Credit

FCIB Survey Roundup: Risks of Doing Business in South America Elevated in Several Nations

Article excerpt

Due to various political and economic factors, some South American countries are riskier than others. In an August FCIB International Credit and Collections Survey, credit managers doing business in South America shared their customers reasons for payment delays and gave advice on extending credit within the region.

Argentina

Most of the survey respondents cited disputes and legal issues as the reasons behind payment delays in Argentina. Others listed the central bank's limit on foreign exchange and poor cash flow. One credit manager advised, "(YouJ have to stay on top of them to get payments; whatever extra time you give them, they will take."

Brazil

In Brazil, the primary reason for payment delays was poor cash flow. Credit managers also listed foreign exchange parity, failure to have correct paperwork requirements and exchange rate resistance, among others. …

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